Sec. 7. All claims paid by an administrator from funds collected on behalf of an insurer shall be paid:
(1) by draft or check; or
(2) via electronic payment;
as authorized by the insurer.
As added by Acts 1980, P.L.168, SEC.2. Amended by Acts 1982, P.L.165, SEC.5; P.L.160-2003, SEC.11; P.L.130-2020, SEC.5.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 25. Insurance Administrators
27-1-25-3. Presumptions as to Payment of Premiums and Claims
27-1-25-5.5. Insurer Responsibilities
27-1-25-6. Fiduciary Status of Administrator; Fiduciary Accounts
27-1-25-8. Administrator Compensation
27-1-25-9. Delivery of Written Communications
27-1-25-10. Notice of Relationship; Statement of Premiums or Charges
27-1-25-12.3. Resident Administrator Annual Filings
27-1-25-12.4. Denial, Suspension, or Revocation of Administrator License
27-1-25-13. Public Documents; Confidentiality; Financial Information